The Peterson Institute for International Economics (PIIE) and the McKinsey Global Institute (MGI) cohosted a conference on February 18, 2015, to assess the global state of debt and deleveraging in the private and public sectors and the available policy responses. For Panel II: Debt and Deleveraging Around the World, Susan Lund, McKinsey Global Institute, presented MGI's latest report, "Debt and (Not Much) Deleveraging," which focuses on ways to avoid credit boom-bust cycles and policy tools to manage high debt. Discussants were Nicholas R. Lardy, PIIE; Karen Dynan, US Department of the Treasury; and Michael Marrese, JP Morgan Chase. For more information, visit: www.piie.com/events/event_detail.cfm?EventID=375

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